Property Summary: 12 Landover Drive, Bridgwater Trails
Section 1: Key Characteristics & Appeal
This 2018-built, one-storey home in Bridgwater Trails presents a practical, low-maintenance living option. Its key characteristics include an attached garage, a full (but unrenovated) basement, and a notably spacious lot of over 2,700 sqft—a standout feature that ranks better than most on its street. The home itself is compact, with under 1,000 sqft of living area, suggesting an efficient, easy-to-manage layout.
The primary appeal lies in its modern build year within a sought-after newer community, combined with the significant potential of its large lot and basement space. It suits first-time buyers or downsizers seeking a modern home in a well-regarded area without a premium price tag for extensive finished space. It’s also a strategic fit for a buyer with a vision, who sees value in the land size and the blank canvas of the basement, planning to add value over time through renovations. A less obvious perspective is its potential as a long-term hold; the lot size in a newer community like Bridgwater Trails is a finite resource, often appreciating independently of the home's current condition.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
Assessed values in Manitoba are for tax purposes and often don't reflect current market value, especially for newer homes in developing areas where sale prices can rise quickly post-assessment.
2. The living area is small compared to the neighbourhood. Is this a concern?
It indicates this is one of the more modestly sized homes in the area, which explains its accessibility. It’s a trade-off: you gain a newer build and a large lot, but with less interior space than many neighbours.
3. What does the "Top %" ranking for the lot size mean?
It means this property’s lot is larger than 46% of others on Landover Drive, placing it in the top half for the street—a positive differentiator in a newer subdivision where lots can vary.
4. The basement is noted as "not renovated." What condition should I expect?
Expect a basic, unfinished space with concrete floors and walls, ready for drywall, flooring, and insulation. It’s a blank slate for future development, adding to the home's potential.
5. How does the 2021 sale price help me today?
It provides a historical benchmark, showing the home’s market value three years ago. Given changes in the market and potential updates, the current price will be determined by present conditions, but this history offers context on its trajectory.